## Econometrics

### Econometrics I (fall 2017)

This is the support page for Econometrics I (Applied Econometrics with R, fall 2017). You can find materials (such as slides and sample programs) and other information for the course.

As a preparation for this course, you need to install R and related programs in your own computer. Here is a brief guide of how to install them. It is expected that you have done the installation before the second lecture.

#### Course Information

Time and classroom: Mon 19:00 - 21:20, 1700
Instructor: Jia-Ping HUANG
E-mail: huangjp #at# szu . edu . cn
Office hours: Mon/Tue 13:00 - 14:00
Grading: attitude (10%) + assignments (2 × 10%) + presentation (20%) + final report (50%)

#### Assignments

• Assignment 1 (Week 7) [Slides]

Question:
The Fibonacci sequence (or Fibonacci numbers) is $1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 87, 144, \cdots ,$ or mathematically $F_n = F_{n-1} + F_{n-2} \quad \text{with} \quad F_2 = F_1 = 1 .$

Write two functions fib1 and fib2 that return the Fibonacci number $$F_n$$ for input $$n$$. Use recursion in fib1 and do NOT use recursion in fib2. Print both functions in an A4 paper. Use a fixed-width font and take care of the readability of your codes (indentation, comments, etc.).

Due date: hand in at the beginning of the class on Oct 23, 2017.

Hint: You can find explicit formulas of the Fibonacci numbers from  https://en.wikipedia.org/wiki/Fibonacci_number
For example, $F_n = \sum_{k=0}^{\lfloor \frac{n-1}{2} \rfloor} \binom{n-k-1}{k} ,$ where the floor function $$\lfloor \ \rfloor$$ can be calculated with floor(), and the binomial coefficient can be calculated with choose( , ).

• Assignment 2 (Week 11) [Slides]

• Use the California Test Score data set (caschool.csv) to perform multiple linear regression analysis to explain test scores (testscr).
• Take student-teach ratio (str) as the base specification.
• percentage of students who are still learning English  (el_pct),
• percentage of students who are eligible for receiving a reduced priced lunch at school (meal_pct),
• percentage of students in the district whose families qualifies for a California income assistance program (calw_pct).

Question:
Perform multivariate linear regression analysis for the base specification and at least two alternative specifications whose regressors are chosen from str plus the three additional variables.

1. Write down your regression models (three in total) and corresponding OLS regression results (with standard errors) in equation.
2. Make a table to summarize your regression results.

Due date: hand in at the beginning of the class on Nov 20, 2017.

• Six groups (2 person × 5 group + 3 person × 1 group)
• Each group select an applied econometrics article that is published later than 2000 in a journal from the journal list below, read it intensively, and present the contents in group.
• Each team has 30 minutes for presentation, and 10 minutes for Q&A. Each one need to speak no less than 10 minutes.
• Report the article you select on Nov 20. Presentation takes place on Dec 18 and 25.

• Group 1: LGZ and ZH
Zheng et al. (2017). U.S. Demand for tobacco products in a system framework. Health Economics, 26:1067-1086.

• Group 2: WX and DYF
Brueckner & Schwandt (2014). Income and population growth. Economic Journal, 125:1653-1676.

• Group 3: SHL and XY
Araujo et al. (2016). Teacher quality and learning outcomes in kindergarten. Quarterly Journal of Economics, 131:1415-1453.

• Group 4: XYQ and GYL
Sachs & Warner (2001). The curse of natural resources. European Economic Review, 45:827-838.

• Group 5: LYJ and WY
Benjamin et al. (2012). What do you think would make you happier? What do you think you would choose? American Economic Review, 102(5):2083-2110.

• Group 6: ZCX, HCC, and TM
Miller et al. (2006). The return to schooling: Estimates from a sample of young Australian twins. Labour Economics, 13:571-587.

Journal list (not a ranking)

• American Economic Review
• Econometrica
• Quarterly Journal of Economics
• Journal of Political Economy
• Review of Economic Studies
• Review of Economics and Statistics
• Economic Journal
• American Economic Journal: Applied Economics
• RAND Journal of Economics
• Journal of Applied Econometrics
• Journal of Business and Economic Statistics
• International Economic Review
• Journal of Econometrics
• Scandinavian Journal of Economics
• Journal of Labor Economics
• Labor Economics
• Journal of Public Economics
• Journal of Economic Growth
• Journal of Health Economics
• Health Economics
• Journal of the European Economic Association
• European Economic Review
• Oxford Bulletin of Economics and Statistics

#### Useful References

1. Stock, J. H. and Watson, M. M., Introduction to Econometrics, 3rd Edition, Global Edition, Pearson, 2012.
（《计量经济学导论》第三版国际版，译者：张涛、巩书欣，中国人民大学出版社、2014）
2. Studenmund, A. H., Using Econometrics: A Practical Guide, 6th Edition, Pearson, 2011.
3. Kleiber, C. and Zeileis, A., Applied Econometrics with R, Springer, 2008.
4. Heiss, F., Using R for Introductory Econometrics, 2016.
5. Dennis, B., 《R语言初学指南》，译者：高敬雅、刘波，人民邮电出版社，2016.
6. Kabacoff, R. I., 《R语言实战》第二版，译者：王小宁等，人民邮电出版社，2016.
7. Quick-R, http://www.statmethods.net/